Banks and Staff Lay-offs

Village Elder

Why is it that kenyan banks are always so quick to lay staff off when their profitability is threatened?Aren't there any other cost cutting measures that they can pursue instead of taking job seekers on this cycle every now and then.
This time around the adoption of the new IFRS 9 is the trigger.
Wale wenye huwa wanawak bank pole sana moreso mid level and low tier staff.

Village Elder

Why is it that kenyan banks are always so quick to lay staff off when their profitability is threatened?Aren't there any other cost cutting measures that they can pursue instead of taking job seekers on this cycle every now and then.
This time around the adoption of the new IFRS 9 is the trigger.
Wale wenye huwa wanawak bank pole sana moreso mid level and low tier staff.